Prominent Investors Rally Against Musk's $56 Billion Compensation Package
Shareholder Group Opposes Musk's Compensation
New York City’s investment chief and other key investors are urging Tesla Inc. shareholders to vote against Chief Executive Elon Musk’s $56 billion pay package and the reelection of board directors Kimbal Musk and James Murdoch.
Concerns Over Compensation Plan
The opposition from influential shareholders raises concerns about the structure and fairness of Musk's compensation plan and the accountability of the board members.
Impact on Governance and Performance
This opposition could impact Tesla's governance and future performance, as stakeholders question the alignment of executive compensation with company performance.
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